Big gold buying lately
From BofA, @ISABELNET_SA thru Mike Zaccardi, CFA, CMT, MBA
What would a central bank rather own?
Source: Tavi Costa, Crescat Capital, Bloomberg
Ranked: The Countries That Added the Most Gold Reserves (2013-2023)
Source: Visual Capitalist, Elements, Jesse Felder on X
The US Dollar Index is at its lowest level of the year while Gold is at an all-time high, up 22% year-to-date. $USD $GLD
Source. Charlie Bilello
The Top 10 Countries by Gold Reserves in 2024
The country with the most gold is the United States, holding 8,133 tonnes valued at $628 billion. Half of the country’s reserves are stored at the United States Bullion Depository, commonly known as Fort Knox, a United States Army installation in Kentucky. Germany ranks second with 3,351 tonnes, followed by Italy with 2,452 tonnes. Source: Visual Capitalist
Another shocking chart: oil in gold terms at 40 year low
Source: www.zerohedge.com, Bloomberg
A shocking chart...
'In gold terms, the SP500 is exactly where it was in August 1971. The significance of that date is that it was the moment when President Richard Nixon severed the dollar's link to gold". Source: Bloomberg, Jesse Felder @jessefelder on X
One Million dollar baby... For the first time in history, a Gold Bar is worth $1 million
Source: Barchart, Bloomberg
